World Liberty Financial Proposes Staking-Based Governance Overhaul
- World Liberty Financial, a DeFi platform backed by the Trump family, has proposed a governance system requiring holders of WLFI tokens to stake them for voting rights.
- The plan mandates a 180-day lock-up period for token holders to participate in governance votes.
- Participants casting at least two votes during the lock-up period can earn an estimated 2% annual return from the project’s treasury.
- The proposal introduces Node and Super Node tiers, offering additional incentives like access to licensed market makers for USD1 stablecoin conversions.
- A minimum stake of 10 million WLFI is required to become a “Node,” while 50 million WLFI is needed for “Super Node” status.
- The proposal will be subject to a seven-day vote, needing participation from at least one billion eligible tokens to pass.
The governance overhaul by World Liberty Financial aims to incentivize active participation through staking rewards and tiered benefits, potentially increasing demand for their USD1 stablecoin.
Source (3.2)https://cryptobriefing.com/trump-backed-governance-staking-system/?rand=59535
